Austin, TX -- (ReleaseWire) -- 11/16/2023 -- According to new research published by commercial real estate (CRE) platform MyEListing.com, the CRE sector is currently navigating a transformative period influenced by the recent surge in 10-year Treasury yields, hitting a 16-year peak of over 5%. This economic shift has far-reaching implications, particularly for borrowing costs and the CRE market.

"Higher Treasury yields are reverberating through the real estate market, necessitating a reassessment of capital investments and injecting a dose of caution among investors," says the report. As borrowing costs increase, cap rates—the rate of return on real estate investments—are also witnessing an upward push.

This expansion of cap rates, a direct response to the escalating baseline yields, is compelling investors to reassess their strategies.

"The relationship between cap rates and property values is an inverse one," says the report. "As the former climbs, the latter decreases. This is because a cap rate is like a bond yield; to get a higher yield, you must pay less upfront for the bond, holding income constant."

Investors are now navigating this intricate landscape, adjusting their portfolios to align with the evolving market conditions.

This shift, as a result, is prompting extended price discovery as well as a realignment in the valuation of commercial properties across diverse sectors, including office spaces, multifamily dwellings, retail, and industrial properties.

"The traditional robustness of CRE investments is now weighed against the heightened caution of the market," says MyEListing.coms' report, "leading to a contraction in investment volumes and a more vigilant approach from the investment community."

Underpinning these fluctuations are broader economic conditions, including job growth, wage stability, and GDP expansion, which counterbalance prevailing inflation concerns. These factors influence longer-term Treasury yields and, consequently, the CRE market. Government fiscal policies and shifts in bond demand add further layers of complexity to the economic narrative.

Looking forward, there is an expected return to a more balanced state in Treasury yields, particularly the 10-year. This shift would create a favorable environment for CRE values to rebound, presenting a strategic investment window.

You can find the full report here: https://myelisting.com/commercial-real-estate-news/1806/10-year-treasury-yield-versus-cre-cap-rates/

About MyEListing.com
MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 11/09/2023 -- The latest data from the US Census Bureau has unveiled a powerful revelation about the state of employer businesses, according to a recent report published by commercial real estate listing and data platform, Myelisting.com.

Among the approximately 5.9 million employer firms, a significant portion were owned by veterans, women, and minorities, providing valuable insights into the dynamics of entrepreneurship in the United States.

Veteran-owned businesses, in particular, have emerged as strong performers, outshining their counterparts across several key metrics. According to the data, veterans have proven to be a driving force in revenue generation, employee productivity, and compensation.

Regarding revenue per employee, veteran-owned businesses take the lead with an impressive annual average of nearly $280,000, reflecting their remarkable ability to achieve high performance per employee. Moreover, these businesses offer higher salaries to their employees, with an average of $54,520 per year, 14.6% higher than the runner-up category of women-owned businesses.

The success of veteran-owned businesses can be attributed to the rigorous military training veterans undergo that equips them with invaluable skills, such as strategic planning, logistical expertise, risk management, leadership, and exceptional execution, all directly transferable to the business world.

While women-owned businesses make significant contributions to the economy, they tend to generate lower annual revenue per employee, averaging $200,000, and have lower payroll figures, averaging $47,560 per employee per year. This discrepancy can partly be attributed to the larger number of women-owned businesses, which contribute to broader employment opportunities but often with lower average wages.

To further empower these businesses, especially those owned by minorities and veterans, an untapped opportunity exists in the commercial real estate (CRE) industry. Historically, CRE has had limited representation from diverse groups, but the industry is now recognizing the immense value that diversity brings.

You can find the full report here: https://myelisting.com/commercial-real-estate-news/1805/economic-impact-veteran-entrepreneurs/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 11/03/2023 -- MyEListing.com, a commercial real estate data and listing platform, published a report that found where home prices are rising faster than wage growth the most, breaking their findings down at both the national and state-by-state level.

On the national level, the United States "faces a 15 percentage point gap between housing price and wage growth." Home prices in western and southern states are rising the fastest, according to MyEListing's report.

On the state-by-state level, Idaho has it the worst, featuring a very significant 45.6 percentage point gap between housing price and wage growth. Illinois rounds out the list at #50, with a mere 3.6 percentage point gap.

Other states with notable percentage point gaps between housing price and wage growth include:
1. Idaho, with a 45.6.7% gap;
2. Arizona, with a 37.7% gap;
3. Utah, with a 33.8% gap;
4. Florida, with a 29.4% gap;
5. Tennessee, with a 27.1% gap;
6. Nevada, with a 26.6% gap;
7. Montana, with a 25.4% gap;
8. Georgia, with a 24.8% gap;
9. Rhode Island, with a 23.1% gap; and
10. North Carolina, with a 22.8% gap.

You can read MyEListing's published report here: https://myelisting.com/commercial-real-estate-news/1786/home-prices-rising-faster-than-wages-states-where-its-worst/

MyEListing's report analyzes data between 2018 and 2022, using the most recent data from the Bureau of Labor Statistics, the Federal Housing Finance Agency's Annual House Price Indexes, and the Census Bureau American Communities Survey. The report provides insights that "highlight disparities that reflect economic trends, regional influences, and the challenges many Americans face in finding affordable housing" using percentage point gaps: The higher the percentage point, the wider the gap, the less affordable the housing market.

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 10/26/2023 -- The dynamics of financial distress shift with each crisis, and today's commercial real estate market is no exception: Currently, uncharacteristically low distressed asset sale volumes are peaking investor curiosity, according to a new report published by MyEListing.com.

Unlike previous downturns, where improperly leveraged assets were the primary concern, today's financial distress is characterized by simmering uncertainty about future income and a sluggish pace of property transactions.

"During the first nine months of this year," says the report, "only 205 distressed properties changed hands, a fraction of the numbers seen during the 2008 financial crisis."

Minimal fundraising for distressed assets and lender reluctance, thanks to rising commercial real estate loan delinquencies, continue to fuel this debacle.

"Meanwhile, a staggering $1.4 trillion worth of commercial real estate debt is set to mature between 2024 and 2026, adding another layer of complexity," says MyEListing's report.

Ultimately, the fate of the distressed CRE property market relies on the future status of its debts.

"The future of the distressed property market hinges on how debt maturities are managed. Lenders may eventually have to take back properties in default, forcing owners to decide whether to absorb losses or invest further," says the report.

You can read MyEListing's published report here: https://myelisting.com/commercial-real-estate-news/1780/weekly-commercial-real-estate-news-cre-distress-mortgage-applications-multifamily/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 10/19/2023 -- Using the most recent data from the Department of Transportation, MyEListing.com, a commercial real estate listing and data platform, compiled a definitive list of the top ten states facing major infrastructure challenges. Rhode Island leads the pack as the state with the worst infrastructure, while Georgia rounds out the list at #50.

"According to national statistics, 81% of US road miles are acceptable," says the report. "The 19% of roads in unacceptable condition equates to just under 156,000 of almost a million miles of road."

US bridges, based on MyEListing's research, tell their own story: "With a whopping 618,253 bridges spanning the country, you might be surprised to learn that only 5% of them are in poor condition, but that's still 30,912 potholed, structurally questionable, and bumpy bridges throughout the country."

According to MyEListing's research, the ten states with the highest percentages of bridges and roads in poor condition are:

1. Rhode Island: 17.1% of bridges, 50%+ of roads;
2. West Virginia: 15% of bridges, 31% of roads;
3. Massachusetts: 10.8% of bridges, 28% of roads;
4. New Jersey: 6.9% of bridges, 45% of roads;
5. New York: 10.7% of bridges, 26% of roads;
6. Washington: 7.7% of bridges, 28% of roads;
7. Connecticut: 7.2% of bridges, 33% of roads;
8. Missouri: 8.2% of bridges, 24% of roads;
9. California: 6.3% of bridges, 33% of roads; and
10. Pennsylvania: 6.9% of bridges, 28% of roads.

According to the report, the top three factors contributing the most to poor bridge and road conditions are "aging infrastructure, harsh weather, and high traffic volumes."

You can read MyEListing's published report here: https://myelisting.com/commercial-real-estate-news/1769/states-with-worst-road-infrastructure/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 10/13/2023 -- The banking world is undergoing a significant transformation, with regional banks facing intense scrutiny over their commercial real estate (CRE) exposure. In a recent report published by MyEListing.com, a free-to-use commercial real estate data and listing platform, recent events and changes in work culture have brought heightened concern over office property liability and the possibility of a commercial real estate "doom loop."

Properties once viewed as premium assets with consistent rental income have suddenly turned into liabilities. Banks holding substantial portfolios of such properties are witnessing depreciating asset values and dwindling rental income.

"CNBC recently highlighted the looming dangers for regional and midsized banks," says the report. "These banks are not only grappling with rising interest rates but are also facing significant losses on commercial real estate."

The decline in demand for office spaces in the era of remote work is leading to a decrease in property values, directly impacting the bottom lines of regional banks.

"The situation becomes even more alarming when we factor in the regulatory angle," according to the report. "Heightened regulatory scrutiny means that banks will now be under the microscope for their commercial real estate exposures."

A report from Bisnow, cited in MyEListing's research, highlights that banks' total exposure to CRE could potentially trigger a "doom loop," a vicious cycle where declining property values lead to higher default rates, further reducing property values.

"The gravity of the issue is underscored by the recent failure of Silicon Valley Bank," says the report. "While multiple factors contributed to its collapse, the underlying theme of real estate vulnerability cannot be ignored. If a prominent bank like SVB can falter due to such exposures, regional banks with potentially higher proportional CRE portfolios might be in even more danger."

MyEListing's research says that to avoid the doom loop, regional banks must reassess their CRE portfolios and consider the value of their assets through the lens of time. Strategies may range from venturing into more resilient real estate segments to embracing technological innovations that reduce their physical footprint.

"Only time will tell how the saga unfolds or whether banks can avoid the doom loop. But, for now, the onus is on the regional banks to adapt, innovate, and overcome."

You can read MyEListing's published report here: https://myelisting.com/commercial-real-estate-news/1759/office-property-liabilities-balloon-for-regional-banks/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 10/05/2023 -- Landlords in the US are having to cope with rising insurance costs on top of declining property values and falling rental incomes, according to a new report published by MyEListing.com, a free-to-use commercial real estate data and listing platform.

According to the MyEListing.com report, insurance expenses "have surged in recent years to an average annual rate of 7.6%," with some primary markets, like Dallas, seeing even larger rate increases to as high as 14.4%.

A perfect storm of causation seems to be at fault here, according to the report: "What's causing these significant rate increases? Rising vacancies, persistent inflation, intensifying natural disasters, and the increasing costs of reinsurance."

When it comes time to renew their annual policies, landlords will be faced with the decision to either forego coverage completely or risk excess financial strain. That said, not all is lost for US property owners.

"Landlords can decide to move forward in one of two ways," says the report. "Pass these increased costs onto their tenants or integrate more substantial deductibles." Neither is ideal, but choosing one will most likely be necessary.

You can read MyEListing's published report here: https://myelisting.com/commercial-real-estate-news/1749/weekly-commercial-real-estate-news-us-multifamily-rising-insurance-tax-legislation/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 09/28/2023 -- Cities in California and Florida saw the most meaningful household income gains between 2017 and 2022, according to a new report published by MyEListing.com, a free-to-use real estate data and listing platform.

The report analyzes the top 50 US cities with the most meaningful percentage gains in income between 2017 and 2022, calculating this growth by juxtaposing median household income information published in the US Census Bureau's American Community Survey against the average GDP increase per household. This methodology creates what MyEListing calls "meaningful" income gains.

In Florida, the cities that produced the most meaningful income gains include:

1. Miami, with a 79.40% increase in median household income, exceeding average GDP growth per household by $14,380;
2. Daytona Beach, with a 72.20% increase, exceeding average GDP growth per household by $9,134; and
3. Hialeah, with a 69.90% increase, exceeded the average GDP growth per household by $9,052.

In California, the cities that performed similarly include:

4. Lodi, with a 69.30% increase, exceeding average GDP growth per household by $23,586;
5. Madera, with a 65.60% increase, exceeding average GDP growth per household by $14,113; and
6. Lancaster, with a 60.40% increase, exceeded the average GDP growth per household by $17,189.

Other states whose cities saw meaningful income gains in the same time period include:

Idaho;
Georgia;
Massachusetts;
Arizona;
Texas;
Tennessee;
Oregon; and
Washington.

Notably, coastal regions don't seem to monopolize income gains. "This shows that income growth isn't just a coastal phenomenon, and many interior cities experienced impressive economic uplifts," says the report.

According to the report, such income growth can be attributed to several factors: "The economic landscape of American cities is ever-evolving. While some cities are witnessing unprecedented growth, the dynamics behind this progress are multifaceted, stemming from factors like industry developments, population shifts, real estate trends, and more."

"This data underscores the fact that while economic progress is widespread," says the report, "certain cities are outpacing others, setting themselves apart on a 'pound-for-pound' basis as the economic frontrunners of the future."

You can read MyEListing's complete report here: https://myelisting.com/commercial-real-estate-news/1740/top-50-cities-most-meaningful-income-gains/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 09/21/2023 -- MyEListing.com, a free-to-use commercial real estate data and listing platform, recently published a report illustrating the current state of suburban rents as compared to their urban counterparts. According to the research, suburban rent growth has remained unusually elevated, complicating affordability and driving demand for multifamily housing.

"For decades," says the report, "the general consensus was that, if you wanted to live somewhere with less access yet more affordable rents, you sought out the 'burbs. Recent price data, however, is painting a slightly different picture."

The report also states that the influx of suburban population growth that occurred at the onset of the COVID-19 pandemic as millions fled densely populated cities sent suburban rents skyrocketing, outpacing urban rents and rising by nearly 27% in March of 2020.

"Throughout subsequent years," says the report, "annual suburban rent growth tamed yet remained in the double-digits. Now, suburban renters find themselves stuck as rising interest rates, rising home prices, and rising multifamily housing rents keep them out of homeownership and in their rental units."

While it's still generally more affordable to rent in the surburbs now than it is to rent in the city, the complete picture of affordability depends on the market. Less densely populated states, like Tennessee and Iowa, generally provide more affordable suburban rentals than states with higher densities. That said, "suburbans rents in areas outside of cities such as Atlanta, Detroit, Portland, and Seattle continue to grow," according to the report.

A noticeable shortage in affordable rental units also plagues the US economy: "This shortage is keeping single-family, suburban rents where they are as new construction races to completion: New data shows that approximately a million new apartment complexes are under construction in 2023."

You can read the full complete report here: https://myelisting.com/commercial-real-estate-news/1731/weekly-commercial-real-estate-news-suburban-rents-office-occupancy-manhattan-renters/

About MyEListing.com
MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Cedar Park, TX -- (ReleaseWire) -- 09/14/2023 -- MyEListing.com, a commercial real estate (CRE) data and listing platform, recently published a report highlighting notable CRE movements indicative of a market that's bottomed-out. Among these movements were significant upticks in CRE sales in Q2 2023 and billion-dollar interest in the student housing sector.

According to MyEListing's report, the multifamily, hospitality, industrial, and even the office space sector saw "decent price growth" in Q2 2023.

Multifamily demand remains high as interest rates and an accelerating housing market keep aspiring homeowners on the sidelines; demand for hospitality continues to grow as more remote workers travel and popular tourist destinations thrive; "solid fundamentals and rent growth potential" still prop up the US industrial sector; and highly vacant office complexes are being sold at heavily discounted prices due to decreased rental incomes.

Student housing rents are also outpacing those of their traditional multifamily counterparts as billions of dollars of investor money pour into the sector.

"Over the last six months," says the report, "average off-campus student housing rents grew by about 7%; some universities even saw rental growth as high as 20%. This was especially true for universities located within the Sun Belt region of the United States, where costs of living are generally lower and housing investments have picked up."

The report also says that over half of student housing deals that occurred in H1 2023 came from investor funds. For comparison, investor funds comprised only 12% of student housing deals that occurred the previous year.

And, while multifamily rent growth continues, it pales in comparison.

"While multifamily apartment rents outside of the student housing sector have also risen," says the report, "they've done so at a more moderate pace. It stands without question that, in the current market, student housing remains a more appealing investment than regular multifamily apartments."

You can read the full complete report here: https://myelisting.com/commercial-real-estate-news/1714/weekly-cre-news-cre-sales-student-housing-nyc-cinema/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 09/07/2023 -- In the spirit of Labor Day, MyEListing.com, a commercial real estate data and listing platform, compiled a report that ranks the nation's most productive states by calculating labor productivity, worker output, hours worked, unit labor costs, and GDP per capita using recent data published by the Bureau of Labor Statistics.

The labor productivity of all 50 states is listed in the report: The top three most productive states, according to the research, are Washington, California, and Colorado; the three least productive states are Mississippi, Alaska, and Louisiana.

The report provides further detail on the nation's top ten most productive states, which, according to the data, are, from most to least productive:

1. Washington;
2. California;
3. Colorado;
4. Utah;
5. Oregon;
6. Massachusetts;
7. Idaho;
8. Georgia;
9. Tennessee; and
10. New Hampshire.

"Examining the top ten most productive states uncovers persistent trends, linking attributes and regions," says the report. "Leading states, like Washington and California, are propelled by robust technology sectors and excel in labor productivity and output."

"Also notably, the West Coast and Southern regions have emerged as prominent hubs of productivity, with many of the nation's most productive states coming from those regions. The significance of education and innovation resonates in states like Utah and Colorado, highlighting the pivotal role that a skilled workforce plays in economic output."

The report also highlights the ten states with the most improved labor productivity between 2017 and 2022. These are, in order:

1. Idaho;
2. Washington;
3. Utah;
4. California;
5. Oregon;
6. Arizona;
7. Tennessee;
8. Maine;
9. Colorado; and
10. Massachusetts.

You can read the full complete report here: https://myelisting.com/commercial-real-estate-news/1713/here-are-the-countrys-most-productive-states/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 08/31/2023 -- According to recent data from MyEListing.com, a commercial real estate listing and data platform, small businesses are feeling the crunch of tighter monetary policy and financial contagion, and over 50% believe that the US is already in a recession.

According to the report, small business borrowing is slowing down, and a significant percentage of those that did borrow were not satisfied with their access to credit.

According to MyEListing.com's research, the US economy has not technically triggered a recession just yet. "From a technical perspective," says the report, "a recession occurs when the economy experiences back-to-back quarters of negative GDP growth…from a technical point of view, it would be impossible for the US economy to be in recession at the present time…US Q2 2023 GDP growth (unrevised) actually accelerated to 2.4% from 2.0% in Q1 2023, thus preventing the technical recession trigger from occurring."

However, thanks to rising debt levels and limited coverage abilities, certain sectors of the economy "might as well be in a technical recession." This includes the beleaguered office space sector, which is already seeing rising numbers of discounted-loan and distressed-property sales.

According to the report, however, not all is doom-and-gloom just yet: Even within a self-perceived recession, certain segments of the commercial property market hold the potential to provide relief for investors and business owners. This includes industrial property, "as online retail and e-commerce continue to grow"; data centers, as the "demand for data storage and management solutions is rising"; and mixed-used properties, which "offer a diversified risk, as even if the office segment suffers, the residential or retail component can balance it out."

You can read the full complete report here: https://myelisting.com/commercial-real-estate-news/1703/is-us-in-recession-over-half-small-businesses-believe-so/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 08/24/2023 -- MyEListing.com, a free-to-use commercial real estate data and listing platform, recently launched its Commercial Client Connection Program, a first-of-its-kind initiative that aims to seamlessly connect commercial real estate agents with potential clients in their local markets.

Commercial agents and brokers, regardless of experience, can sign up for the program and receive almost-immediate notifications when someone in their local market needs an agent or broker to buy, sell, or lease commercial property.

MyEListing will send the contact information, as well as the square footage and property type the potential client is looking for, straight to the inbox of those who sign up.

Submissions are manually vetted by MyEListing commercial real estate specialists to reduce junk leads and spam, and each potential client has affirmed that they themselves are not an agent and that they're actively looking for one.

No long-term contracts or subscription fees are required for agents and brokers to sign up. A flat, per-lead rate of $50 is charged, and those interested can set a weekly minimum on how many leads they want to receive.

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 08/17/2023 -- So far in 2023, the US banking sector has suffered three major collapses tied to assets amounting to nearly $550 billion. For comparison, the first year of the 2008 financial crisis saw 25 bank closures tied to approximately $373 billion in assets. MyEListing.com, a commercial real estate data and listing platform, recently released a report illustrating where the most banks have failed, at both the city and state level, between 2000 and 2023.

The report analyzes FDIC bank failure data that unveils a total of 566 bank failures in the last 23 years.

At the state level, Georgia, Florida, and Illinois saw the most bank failures, with 93, 76, and 69, respectively, according to MyEListing.com's research. These three states alone are responsible for nearly 42% of the US banking sector's failures since 2000.

"Several other states have had over 5 bank failures," says the report, "including Nevada, Kansas, Wisconsin, South Carolina, Colorado, Maryland, Pennsylvania, Ohio, Utah, New Jersey, Oklahoma, Alabama, Tennessee, North Carolina, Oregon, and New York. These states' contributions to the total bank failures range from 1.06% to 2.12%."

At the city level, Chicago, Atlanta, and Phoenix saw the most failures, with 20, 10, and 6, respectively.

"Beyond the top three," says the report, "the number of failures per city starts to distribute more evenly…Further in the list, many cities recorded three bank failures, including notable financial hubs like New York and San Francisco."

The research concludes by noting that bank failures "do not exist in isolation."

"The unsettling truth," according to the report, "is that these aren't mere figures; they represent people's life savings, small businesses on the brink of closure, families struggling to cope, and communities trying to find their footing in an unstable economy."

You can read the full complete report here: https://myelisting.com/commercial-real-estate-news/1683/banks-failed-the-most-in-these-cities-states/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 08/10/2023 -- The US industrial real estate sector continues to outperform other commercial real estate (CRE) asset classes. As MyEListing.com highlights in their most recent commercial real estate news roundup, as office and retail vacancies rise and the multifamily sector continues to face difficulties thanks to tighter monetary policy, industrial sector vacancies continue to drop and transaction velocity remains tight.

"The national sentiment of economic uncertainty amidst tighter lending standards and inflation seems to be drawing investors away from residential properties and towards stable commercial buys," says the roundup. "The rise of eCommerce, the prevalence of overnight shipping, and the growing popularity of flex space all give reason to place investment dollars in industrial assets."

As of Q1 2023, the national average vacancy rate for US industrial real estate stood at 4%, about 30 basis points below the national averages of other CRE property types. Transactions, according to the industrial sector's trailing 12-month velocity, remain plentiful.

Industrial rents, in comparison to other CRE property types, also remain stable. "According to recent data, industrial rents remain strong, propping up one of the most balanced bid-ask spreads in the commercial real estate industry," says MyEListing.com's report.

You can read the full report in the news roundup, here: https://myelisting.com/commercial-real-estate-news/1669/weekly-cre-news-roundup-la-rent-freeze-shining-industrial-costly-concessions/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 08/03/2023 -- High-income earners across the United States are moving, and their chosen destinations provide revealing insights into their lifestyle trends. According to new research conducted by MyEListing.com, Florida, Texas, and Arizona are seeing some of the largest net positive tax income migrations, with $12.4 billion, $10.7 billion, and $9.4 billion, respectively.

Other states seeing large influxes of wealth include, in order from greatest to least:
Colorado;
North Carolina;
South Carolina;
Tennessee;
Utah; and
Georgia.

Conversely, California, New York, and Illinois are seeing some of the largest outflows of wealth in the nation, with -$343.2 million, -$299.6 million, and -$141.7 million respectively, thanks to high tax rates and expensive costs of living.

Other states seeing large outflows of wealth include, from most to least:
New Jersey;
Massachusetts;
Ohio;
Pennsylvania;
Michigan; and
Indiana.

Ultimately, the data illustrates that the wealthy are relocating to regions with more favorable tax policies. The economic implications of such migrations stand to benefit the commercial real estate sector especially, as high-income earners "demand luxury housing, retail spaces, offices, and hospitality venues, potentially leading to rising property values and boosting already-booming construction activity."

The labor market also stands to benefit from wealthy migrations. "Relocating high-income individuals often leads to expanding existing businesses or establishing new ones," says the report. "As a result, the demand for office spaces, co-working spaces, and flex space could see significant growth, further bolstering the commercial real estate sector."

You can read the complete report here: https://myelisting.com/commercial-real-estate-news/1639/great-wealth-migration-flow-of-high-income-earners-across-states/

MyEListing.com, a national commercial real estate marketplace and data platform, conducts weekly research on significant commercial real estate data. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 07/27/2023 -- Thanks to the explosion of the work-from-home movement, tighter monetary policy, and population emigration away from urban markets, office space sectors in key US cities are predicated to depreciate by $800 billion in value by 2030.

The statistic, as covered by MyEListing.com in their latest commercial real estate news roundup, complements another important sector metric: Office space attendance in the US has dropped to 30% below pre-pandemic norms.

"The work-from-home movement, an already highly sought-after idea among employees before the onset of the virus, exploded in notoriety, forcing employers to make some tough decisions about their balance sheet expenses," according to the report.

"The McKinsey Global Institute shares much of the same pessimism around the office space sector," it says, "predicting that key cities in the nation will see the value of their office spaces depreciate by nearly $800 billion this decade."

Retail store traffic is also taking a hit as employees, no longer required to be in the office all week, seek a "corporate nomad" lifestyle.

"Because many are no longer tied to city centers," says the report, "shopping habits have also shifted: McKinsey states that retail store foot traffic in major metropolitan areas 'remains 10% to 20% below pre-pandemic levels.'"

According to the report, the solution is the inevitable adaption and conversion of vacant office and retail spaces into mixed-use developments and residential lodging. "Property owners in both retail and office space will be forced to adapt sooner or later," says the report.

You can read the full roundup here: https://myelisting.com/commercial-real-estate-news/1634/weekly-cre-news-roundup-800-billion-office-depreciation-affordable-housing-concerns-nyc-construction/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 07/31/2023 -- MyEListing.com, a free-to-use commercial real estate data and listing platform, has recently released free road traffic counts as part of their commercial property listings.

Traffic counts provide insight into roadway activity within a given area. For example, they can provide commercial property owners and investors with traffic data that helps them determine how busy or how slow certain roadways are within a certain radius.

In the realm of commercial real estate, car traffic counts can provide especially useful information about a given property's location.

According to MyEListing.com, "A restaurant owner looking to relocate might use traffic counts as a means to estimate how many customers they can expect on a day-to-day basis. They can break this data down even further into weekday traffic versus weekend traffic, lunch traffic versus dinner traffic, what traffic might look like in certain areas of town at certain times of day, and so on."

Users of MyEListing.com can begin using the site's free traffic counts immediately: The platform is currently rolling out this information on a city-by-city basis.

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Cedar Park, TX -- (ReleaseWire) -- 07/13/2023 -- As the ramifications of the COVID-19 pandemic continue to ripple through the office space sector, MyEListing.com, a free-to-use commercial real estate data and listing platform, sees a silver lining.

According to one of their recently published reports, office space properties, despite recent turmoil, are "far from becoming obsolete" thanks to an ongoing initiative to transform office properties from simple co-working spaces into "multi-functional spaces that facilitate collaboration, promote creativity, encourage effective communication, and support sustainability initiatives."

According to the report, Class B and C office space properties currently see the brunt of distress; higher-quality Class A properties in city centers "are in arguably greater acute demand than before as evidenced by their rising rent and steady vacancy characteristics."

Class "B and C quality properties often have debts that exceed their carrying capacity since their rents have declined, and these properties will likely require workouts between creditors and new owners or partners to be repurposed," according to the report.

While the role of office space properties has likely shifted permanently, businesses, both current and new, will adapt accordingly, introducing new business models that incorporate physical attendance in different ways.

"In the meantime," according to the report, "investments in office properties will fall into two distinct categories: Class A, which is similar to bond investing, and all others, which is more akin to equity investing, replete with greater risks and reward potential for those willing to assume them."

You can read the full report here: https://myelisting.com/commercial-real-estate-news/1600/office-properties-at-mid-year-a-high-level-review-of-the-playing-field/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 07/06/2023 -- MyEListing.com, a free-to-use commercial real estate data and listing platform supporting newcomers and professionals from all corners of the industry, recently published a report outlining the top 10 cities in America for Blue Collar Workers.

According to the report, the cities are:

1. Springfield, MO;
2. Fort Wayne, IN;
3. Detroit, MI;
4. Birmingham, AL;
5. Buffalo/Cheektowaga, NY;
6. Rochester, NY;
7. Gillette, WY;
8. Oklahoma City, OK;
9. Anchorage, AK; and
10. Pittsburgh, PA.

The factors that were used in the report to create this list include the number of job opportunities available to blue collar workers, salaries, benefits, and cost of living in each city.

"Today's blue-collar jobs are varied, with many positions in manufacturing, food service, farming, and construction," says the report. "While white-collar workers are perceived as earning higher wages than their blue-collar counterparts, this isn't always true."

According to the report, blue collar workers have enjoyed significant wage gains between January 2021 and March 2023: Those working in leisure and hospitality saw hourly wages grow by over 21%; those in construction and retail saw 12% wage growth; and those in warehouse and transportation saw 11% wage growth.

You can read the full report here: https://myelisting.com/commercial-real-estate-news/1599/top-10-cities-for-blue-collar-workers/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 06/30/2023 -- MyEListing.com, a free-to-use commercial real estate listing and data platform, recently released a report identifying lucrative prospects in office properties despite uncertainties. Tech companies' resurgence of office work offers a favorable risk-reward ratio, presenting a bold investment opportunity for astute investors.

Tech companies' unexpected shift to make office attendance mandatory for employees challenges conventional notions, stabilizing office property values, especially high-grade properties.

The report contends that embracing Warren Buffett's advice to be "greedy when others are fearful" makes investing in office properties strategic, as the return to office work could drive demand and short-term appreciation of office property values.

"Even though it might not seem like the right time to invest in office properties, smart investors know that sometimes the best opportunities come during uncertain times," reads the report. "With low property values and tech companies pushing for in-office work, there might be a great opportunity for those who act quickly and choose optimal investment vehicles."

Office properties offer attractive value investments, with prices still below pre-pandemic levels and the potential for increased demand due to the return to office work.

However, investors must prioritize properties with solid fundamentals, including favorable locations, modern amenities, and growth potential. Due diligence remains paramount.

In all, the report encourages investors to seize the opportunity presented by the return to office work, aligning with Warren Buffett's philosophy and embracing calculated risks for potential rewards. And while the future of work remains uncertain, it presents opportunities and challenges for investors; While the possibility of a return to the office to work may drive office property values upward, flexible work arrangements require adaptable investment strategies.

"If acted upon promptly and carefully, investing in office properties could present an attractive risk-reward scenario," concludes the report.

You can read the entire report here: https://myelisting.com/commercial-real-estate-news/1593/greedy-or-prudent-is-the-time-right-for-investing-in-office-properties-in-the-remote-era/.

About MyEListing.com
MyEListing.com is a national commercial real estate marketplace and data platform connecting real estate professionals and others from all corners of the industry. Users can sign up for free and access accurate local market intelligence, comp software, and more. The platform also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Cedar Park, TX -- (ReleaseWire) -- 06/23/2023 -- A new analysis by https://myelisting.com/ reveals that the dramatic shifts in South Florida's property insurance market cannot be solely attributed to climate change. Rising insurance premiums and the departure of many insurance companies from the market point to a more complex web of contributing factors.

Hurricanes have undeniably played a significant role in straining the insurance industry in the region. The frequency and intensity of these natural disasters have resulted in billions of dollars in property damage. To cover these substantial payouts and high replacement costs, insurers have raised premiums drastically, causing financial strain for many businesses in the area.

However, climate change is not the only catalyst. Issues like increased fraudulent claims and rising reinsurance costs have pressured insurance providers significantly. The market's dynamics, including industry consolidation and the shrinking number of competitors, have also contributed to the surge in premiums.

According to the report, "premium increases of 50% or more have become common, rendering insurance unaffordable for many businesses in the region and leading to some closures."

The state of Florida has recognized these complexities and has been actively implementing measures to stabilize the market. These include establishing the Citizens Property Insurance Corporation, capping attorney fees, imposing stricter regulations on policyholder lawsuits, and offering financial assistance to insurers.

As the South Florida insurance market evolves, ongoing monitoring, research, and proactive industry measures will be essential to balance risk management, affordability, and industry sustainability. Regulatory reforms, industry collaboration, and government support will stabilize the market and ensure affordable insurance coverage for businesses and homeowners.

You can read the full report here: https://myelisting.com/commercial-real-estate-news/1590/rising-property-insurance-costs-in-south-florida-unveiling-the-multi-factor-dynamics/
MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 06/19/2023 -- MyEListing.com, a free-to-use commercial real estate data and listings platform, recently published research outlining a solution to fixing the distressed office space sector; according to the report, staving off more economic trouble starts with addressing the wavering $6.2 trillion office space market.

According to the report's research, the recent work-from-home and hybrid-schedule trends are not merely blips on the radar: They're here to stay, and their existence translates to enduring, fundamental changes to how traditional office space is purposed and used.

"Half of major corporations now plan to cut office space as the CRE turmoil rages on," says the report, "suggesting a potentially bleak outlook for office properties."

The report suggests that one solution to addressing the inevitable is to repurpose traditional office space into in-demand properties, such as residential buildings, flex space, data centers, and even vertical farms. While not a new idea, repurposing old space would require collaborative effort at the stakeholder level, but the idea has seen success in other economies, like that of Signapore.

"Debt restructuring and workout, for example, as practiced in Singapore, offers an instructive example of how a collective effort can revive distressed businesses," according to the report. "In this case, major creditors and the debtor company work together to ensure the company's short-term viability, and eventually, full repayment of the debts. This is achieved through various measures such as extending the repayment period for loans, in exchange for company guarantees to reorganize operations or change key management personnel."

The report calls for key stakeholders to "pool their resources and expertise" to save not only the organizations that rely on office space but also the economy itself: "This comprehensive workout solution is not merely a contingency plan; it is a necessary strategy for survival and growth in a post-pandemic world."

You can read the full report here: https://myelisting.com/commercial-real-estate-news/1562/averting-economic-collapse-the-need-for-a-comprehensive-plan-for-repurposing-office-properties/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Cedar Park, TX -- (ReleaseWire) -- 06/08/2023 -- MyEListing.com, an entirely free-to-use commercial real estate (CRE) data, listing, and research platform, recently published a report that illustrates a struggling commercial mortgage-backed securities (CMBS) market. Principals, or those who hold CMBS investments, are under pressure to liquidate these assets at discounted rates.

As a direct result of economic turbulence and a commercial mortgage market wounded from rising delinquencies and tighter lending standards, commercial mortgage-backed securities are falling into a downward spiral.

"A confluence of factors is responsible for the current sell-off of CMBS," reads the report. "The ongoing fallout from global economic crises, persistent operational disruptions, and shifts in commercial real estate demand are all driving this trend."

Supply chain disruptions and the notably persistent work-from-home trend continue to plague the commercial real estate market, eroding the viability of keeping commercial property leases on balance sheets. According to the report's research, this is especially true for the retail and office space sectors.

"Shifts in commercial real estate demand, especially in sectors like retail and office space, have put additional downward pressure on the value of these securities," says the report. "With fewer tenants and lower rental income, the underlying mortgages that these securities are based on become riskier, thus reducing the attractiveness of CMBS to investors."

However, while declining prices and higher commercial mortgage delinquency rates present challenges for both CRE investors and CMBS issuers, they also present opportunities for those looking to buy at a discount and take on the associated risk in anticipation of market recovery.

"It is more crucial than ever for both investors and issuers to closely monitor these trends, adjust their strategies accordingly, and make informed decisions based on a thorough understanding of the risks and opportunities presented by the CMBS market," says the report.

You can read the full analysis here: https://myelisting.com/commercial-real-estate-news/1557/cmbs-starting-to-tip-selloff-begins-in-earnest/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin, TX -- (ReleaseWire) -- 06/02/2023 -- MyEListing.com, a free-to-use commercial real estate (CRE) listings and data platform supporting professionals from all corners of the industry, recently published a report detailing the evolution of property technology (PropTech), artificial intelligence (AI), and other technologies within the commercial real estate sector.

While some within the CRE industry still approach new technologies with skepticism, AI's recent explosion of popularity has seemingly expedited even further the conversation around the integration of such technology with commercial real estate operations: What started as simple websites and online listings has evolved into an endless array of software solutions.

"The commercial real estate (CRE) industry has been traditionally viewed as a sector slow to adopt technology," says the report. "However, recent advancements have marked a paradigm shift. Commercial real estate executives, including agents and brokers, are now using cutting-edge technology to improve their business operations, decision-making processes, and customer relations."

The report specifically highlights the benefits that new PropTech advancements have brought to the hard-hit brick-and-mortar retail sector: "PropTech applications have proven to be crucial in the recovery of the brick-and-mortar retail industry post-COVID, offering tools to enhance customer experience, manage properties more efficiently, and gain deeper insights into customer behaviors."

According to the report, AI's applications within the CRE industry stretch beyond simple data analysis and trend identification: "[AI] also influences commercial real estate at large, optimizing building management and operations. From smart building technologies that optimize energy use and security systems to platforms that streamline property management, proptech solutions are helping to reduce operational costs, increase tenant satisfaction, and improve overall asset performance."

Despite the aforementioned skepticism, the "future of commercial real estate is digital, and it's time for professionals to embrace this change."

You can read the full report here: https://myelisting.com/commercial-real-estate-news/1544/proptech-and-ai-the-digital-facelift-of-commercial-real-estate/

MyEListing.com is a national commercial real estate marketplace and data platform. Users can sign up for free and get access to accurate local market intelligence, comp software, a national agent directory, and more. The site also supports other players in the industry, including NAI Global, Colliers, and Cushman & Wakefield.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm